Dillard’s (NYSE:DDS) Sees Unusually-High Trading Volume

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Shares of Dillard’s, Inc. (NYSE:DDS) saw unusually-strong trading volume on Thursday . Approximately 1,585,084 shares changed hands during mid-day trading, an increase of 249% from the previous session’s volume of 454,115 shares.The stock last traded at $77.41 and had previously closed at $67.81.

A number of brokerages have recently commented on DDS. Telsey Advisory Group reissued a “market perform” rating and set a $58.00 price target (down from $65.00) on shares of Dillard’s in a research note on Friday, August 16th. Deutsche Bank cut their price target on Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. cut their price target on Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, Wedbush reissued a “neutral” rating and set a $56.00 price target (down from $62.00) on shares of Dillard’s in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $54.33.

The stock has a 50 day moving average price of $69.23 and a 200 day moving average price of $64.27. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.65 and a beta of 1.15. The company has a quick ratio of 0.26, a current ratio of 1.86 and a debt-to-equity ratio of 0.37.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($1.74) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted ($0.10) earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts forecast that Dillard’s, Inc. will post 3.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, September 27th. Dillard’s’s dividend payout ratio (DPR) is presently 9.80%.

In other news, Director H. Lee Hastings III sold 3,000 shares of Dillard’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $72.20, for a total transaction of $216,600.00. Following the sale, the director now directly owns 14,312 shares of the company’s stock, valued at $1,033,326.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in shares of Dillard’s by 153.5% in the second quarter. Signaturefd LLC now owns 431 shares of the company’s stock worth $27,000 after acquiring an additional 261 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Dillard’s by 73.3% in the third quarter. Tower Research Capital LLC TRC now owns 617 shares of the company’s stock worth $41,000 after acquiring an additional 261 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of Dillard’s by 22.0% in the second quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock worth $75,000 after acquiring an additional 216 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Dillard’s in the third quarter worth approximately $120,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Dillard’s by 50.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,672 shares of the company’s stock worth $167,000 after acquiring an additional 897 shares during the period. 94.46% of the stock is currently owned by institutional investors.

About Dillard’s (NYSE:DDS)

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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